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SYDNEY (Reuters) - Westpac on Friday lifted its forecast for Australia's cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting higher rates and slower growth as the central bank turns more hawkish.
Rates are already at an 11-year high of 4.1%, but the Reserve Bank of Australia (RBA) has said more hikes may be required to tame inflation. Governor Philip Lowe last week warned of upside risks that would derail inflation's return to the...
>>> Read more: Westpac raises Australia cash rate peak forecast to 4.6%
Rates are already at an 11-year high of 4.1%, but the Reserve Bank of Australia (RBA) has said more hikes may be required to tame inflation. Governor Philip Lowe last week warned of upside risks that would derail inflation's return to the...
>>> Read more: Westpac raises Australia cash rate peak forecast to 4.6%
